The General Rule Is That an Assignee Stands in the Shoes

question 9

True/False

The general rule is that an assignee stands in the shoes of the assignor. He acquires the rights of the assignor but acquires no new or additional rights.

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Definitions:

Feeler Gauge

A tool made of thin metal strips of varying thicknesses used to measure gap widths, such as in spark plug gaps.

Clearances

The space or gap between two parts, typically measured to ensure proper fit, alignment, or function.

Warpage

Distortion or deformation of a material or component, often caused by uneven heating, cooling, or stress.

Bonds

Financial instruments representing a loan made by an investor to a borrower, often a corporation or government, which pays interest over time and returns the principal at maturity.